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$749,900
Status: For Sale
Exciting Investment Opportunity! Highly desirable rental property conveniently located near downtown. This three-unit building is situated on a spacious lot, within walking distance to downtown and near major transit routes. Units 1 and 2 offer two bedrooms and one bathroom each on the ground level. Unit 3, located on the upper level, is divided into three separate units (A, B, and C). Unit A features 2 bedrooms and 1 bathroom, Unit B has 1 bedroom and 1 bathroom, and Unit C is a bachelor unit with a bathroom. Experience the beauty of scenic trails along the Thames River, attend major ball games in London, and enjoy various festivals and entertainment events downtown. This property generates a net income of $58,000 annually, with a Pro Forma worksheet available for review upon request. With a remarkable cap rate of 7.1%, this investment opportunity is not to be missed. Act swiftly to seize this lucrative opportunity! Contact the listing agent for showings!
| Property Type | :Residential |
|---|---|
| MLS Number | :X9253691 |
| Listing Type | :Sale |
| Property Age | :51-99 years |
| Possession Date | : |
| Last Updated | :14 Aug, 2024 (65 Days ago) |
| Source | :TRREB |
| Area | :Middlesex |
|---|---|
| Postal Code | : N6B 1L6 |
| Price | : $749,900 |
|---|---|
| Property Taxes | :$2490.00 |
| Tax Year | :2023 |
|---|
| Bedrooms | :7 + |
|---|---|
| No. of Rooms | :11 |
| Air Conditioning | :None |
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Colborne & Horton |
| Bathrooms | :5 |
|---|---|
| Fuel | :Gas |
| Exterior Finish | :Stucco/Plaster, Vinyl Siding |
|---|---|
| Parking Space | :4 |
| Basement | :Crawl Space |
| Garage | :None |
|---|
14 Aug, 2024
TREB #X9253691
Listed
$749900.0
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